Exploring the Nexus Between the Circular and the Collaborative Economy: Theoretical-Conceptual Approaches and International Perspectives

Abstract

The article explores the connection between the circular economy and the collaborative economy, focusing on their mutual integration through theoretical-conceptual approaches and international practices. The purpose of our research is to examine how the two paradigms – circularity, which emphasizes resource efficiency and waste minimization, and collaboration, which promotes shared ownership and peer-to-peer services – can complement each other in promoting sustainability. A multifaceted methodology, including a comprehensive literature review and comparative analysis, is used to explore the similarities and differences between the two models, as well as their practical applications and impact on sustainability. Data sources include academic literature, policy reports and case studies from world regions. The latter highlight specific implementations such as the European Union's Circular Economy Action Plan, China's Circular Economy Promotion Law, and Japan's Basic Act on Establishing a Sound Material-Cycle Society. We also analysed community-driven initiatives, including Kenya's Circular Food System and Brazil's Catadores recycling program, alongside collaborative consumption platforms offered by private companies, such as Alibaba's Idle Fish (Xianyu). Our findings suggest that fostering the convergence of the circular and collaborative economy can lead to significant environmental and economic benefits, including extended product life cycles, waste reduction and community engagement. Concurrently, international policy frameworks, grassroots initiatives and digital platforms are key factors in driving this convergence. The research illustrates the value of integrating the circular and collaborative economy in addressing global sustainability challenges and emphasizes the need for further research and policy development to expand these models worldwide. UDC: 330.1:502.15; JEL: Q01, Q32, Q53, Q56, D16.